v3.26.1
Mineral Properties
3 Months Ended
Mar. 31, 2026
Mineral Properties  
Mineral Properties

9. Mineral Properties

 

Mineral properties at March 31, 2026 and December 31, 2025 consisted of the following:

 

 

 

March 31, 2026

 

 

December 31, 2025

 

Golden Chest

 

 

 

 

 

 

Mineral Property

 

$5,750,924

 

 

$5,683,026

 

Infrastructure

 

 

11,185,546

 

 

 

9,594,667

 

Total Golden Chest

 

 

16,936,470

 

 

 

15,277,693

 

 

 

 

 

 

 

 

 

 

New Jersey

 

 

256,768

 

 

 

256,768

 

McKinley-Monarch

 

 

200,000

 

 

 

200,000

 

Potosi

 

 

150,385

 

 

 

150,385

 

Park Copper/Gold

 

 

78,000

 

 

 

78,000

 

Eastern Star

 

 

250,817

 

 

 

250,817

 

Oxford

 

 

40,000

 

 

 

40,000

 

Silver Prospect

 

 

202,405

 

 

 

-

 

Accumulated Amortization

 

 

(614,746)

 

 

(511,293)

 

 

 

 

 

 

 

 

 

Total

 

$17,500,099

 

 

$15,742,370

 

 

In the three-month period ended March 31, 2026, the Company purchased the Silver Prospect for $202,405.

 

For the three-month periods ended March 31, 2026 and 2025, amortization expense for mineral properties was as follows.

 

March 31,

2026

 

 

2025

 

$

103,453

 

 

$34,338

 

 

For the three-month periods ended March 31, 2026 and 2025, interest expense was capitalized in association with infrastructure at the Golden Chest Mine as follows.

 

March 31,

2026

 

 

2025

 

$

41,565

 

 

$43,387